Does anyone know about credit card debt settlement?
Is it a good idea to go with a settlement company debt? I know it will affect my credit score, for now, but will be affected in any way because I can not make the payments. I have a total of $ 15,000. $ 9000 on my GM card, U.S. $ 3000 Bank, and $ 2000 with the Regions. I just want to make sure that the debt is the way forward. There is no way can afford to pay the $ 15,000. I also had a good relationship with my GM card were always paying on time or pay in full with our tax money. But last winter I had a baby and was on maternity leave for longer than is necessary for reasons and my husband was laid off for 4 months so no income, but some money in savings will not last long. Please can someone help me?
I work for a debt collection agency international in Italy (I'm American by the way) and I think the best advice I can give you regarding a solution would be to first ask yourself if you can take a small loan. If you can do this and make a settlement offer of the debt the company is trying to recover their credit standing should remain healthy. After questions on a loan, the company settlement offer based on the amount that you were able to obtain. If this is not an option to make small payments that can increase payments to return to work. Anything is better than nothing. Credit cards usually accept a settlement offer for 60% of the amount due …. but I think that 50% might be good for you and then you should request that the collection company to send a statement saying that its version was resolved by agreement debt and balance should not be and not try to collect the debt (or balance) more. Hope this helps.
Avoid Credit Card Debt Settlement Failure
